Mar 02, 2015
(VASS, NC) So Michael Jordan wants to build his own personal golf course? This might be a better option…and it’s in his home state. The upcoming bankruptcy auction of Woodlake Country Club, 20 minutes east of Pinehurst, includes a 1,200-acre private lake, over 600 homesites, and two golf courses: the Woodlake-Maples Course designed by Ellis Maples, and the Woodlake-Palmer designed by Arnold Palmer. These courses are no slouches. The Maples course is considered one of the most challenging in the Southeast and has played host to the Carolinas' PGA Match Play Tournament, while the Palmer course is one of the most popular in the area. In addition to the homesites, a 21.6-acre parcel on the the property holds promise for the construction of a full-service boutique hotel, providing "stay and play" opportunities. The live auction will be held on-site on March 26, but interested buyers can tour the property on March 5, 12 and 19 between 11:00 am and 2:00 pm. Call 888-260-5893 for more information.
Feb 27, 2015
(KONA, HAWAII) Sales have already topped $175 million in just a few years at Kohanaiki, the first new development on the Big Island in nearly a decade. Now they are getting ready to offer the first custom home on a property that will have only 500 residences. And it is a stunner. The Moana Residence is situated on an idyllic one-acre lot, boasting spectacular ocean and golf course views and centrally located in the heart of Kohanaiki, nearer to the beach than any other lot available. This 7,985-square-foot home has five bedrooms and five and one-half bathrooms, an enclosed two-car garage, an expansive lanai, and beautifully landscaped grounds with a large lap pool, spa and separate pool pavilion. Designed by the renowned architect Shay Zak, the Moana Residence was fashioned using elegant, natural materials throughout. Features include hardwood floors, luxurious granite stone lanais, granite countertops, vaulted cedar ceilings, clerestory windows, handmade custom African mahogany cabinetry, and mahogany trim and pocket doors throughout. Kohanaiki and its members-only Rees Jones-designed course (Hawaii’s only layout with six oceanfront holes) were seven years in the making.
Feb 25, 2015
Pro Shop Swan Song?
(SALEM, SC) The days of the pro shop being the place you stopped in before your round to replace a worn out glove, grab an extra sleeve of balls, or fill your pocket with free tees, may be a thing of the past. And the trend is being driven by a private luxury community. The Cliffs (yes, that collection of seven private communities in the Carolinas) is transforming its golf shops into award-winning luxury lifestyle stores. With a shopping experience for the whole family, the shops are more like a high-end boutique and cater to the needs of golf and non-golf members alike. Members and their guests can buy golf shoes…but also hiking, lifestyle and summer shoes. Luxury items like Vitamix blenders, tech gadgetry, custom paddleboards, hiking gear, Meyer lemon trees, premium luggage, watches and celebrity items are also available. So far they have transformed three of their golf shops, including the newly rebranded The Cliffs Storehouse at Keowee Falls. That store has been successful by all measures. At its grand opening, members bought more than $8,000 of merchandise in the first two hours and the store has surpassed its annual budgeted revenues by more than $43,000 in just eight months. Let’s just hope those free tees don’t get lost in the shuffle.
Feb 23, 2015
Live Like The Donald
(GREENWICH, CT) Maybe you can’t be The Donald, but you can get a taste of what it’s like to live like him. Or more like the early version of him. Back in 1982, Trump and his first wife, Ivana, purchased a waterfront mansion on a peninsula in Greenwich, Connecticut, for $4 million. Using materials that they were also using to refurbish Manhattan’s Plaza Hotel, their home was soon “dripping in gold leaf and other elaborate trappings of elegance,” according to TopTenRealEstateDeals.com. Ivana ended up with the home after their divorce and sold it for $15 million. The new owners toned down the glitz and, though it’s hard to believe the Trumps didn’t have more than enough room, put on an addition. Now standing at nearly 20,000 square feet with eight bedrooms and thirteen baths, the house is on the market for $54 million. Looks like Trump’s golden touch with real estate didn’t leave the property when he did.
Feb 20, 2015
(PALM CITY, FL) There’s a reason the best private communities stay at the top of their game: they continue to improve. Harbour Ridge Yacht & Country Club, which brings together boating and golf in a magnificent way for its members, would seem to have it all. But this week its membership approved a 3-year, $11 million amenity enhancement program to build a new lifestyle center and renovate its famed Golden Marsh golf course. (And doing it by the way without levying a membership assessment or incurring new long-term debt.) The new lifestyle complex, designed by Peacock + Lewis of North Palm Beach, will include fitness and workout areas, Pilates and personal training spaces, physical therapy capability, a full-service spa, salon and wellness center, a tennis and retail shop, as well as food and beverage. Outside will be an enlarged pool for both lap swimming and water aerobics, a children’s play area and nine tennis courts. Construction of the new lifestyle center is expected to begin in November 2015, with completion targeted for December 2016. That will be followed by the renovation of Golden Marsh, expected to begin in Spring 2017 and finish by year’s end.